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Facebook alleges CMA withheld information in UK review of Giphy deal

By Andrew Boyce ( October 11, 2021, 16:06 GMT | Insight) -- Facebook's fight with UK merger regulators over its plan to buy Giphy has dramatically escalated, after the social network accused the Competition and Markets Authority of withholding "critical information." It alleges that this amounted to a “fundamental flaw” as it meant the CMA was unable to carry out an informed investigation. The company also claimed it had been denied the right to a fair hearing.Facebook's fight with the UK merger regulator over its plan to buy Giphy has dramatically escalated, after the social network accused the Competition and Markets Authority of withholding "critical information."...

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